Thursday, August 26, 2010
STIMULATED
There is a lot of bitching about the stimulus package, one way or another.
Even I said at the gym this morning that the stimulus was not big enough.
Well, maybe. But they have still not spent all the money. Some of it is in a long rollout.
This is also a kind of minor league bitch because, in fact, the stimulus package, ARRA, is far more stimulating than just pouring money into the economy.
It is a calculated effort to change the economy's structure and to put innovative systems in place. A new paradigm.
As to bringing us out of the recession this will be slow but it will be steady and it will have a very high quality result.
Yes. Roads are getting built. Teachers are getting some more opportunities to go back to work. There are immediate effects.
But there will also be the 21st Century equivalent of the Hoover Dam. The Interstate Highway System. Other past stimulus packages that have had an incredible impact long term on the vitality of the economy.
Labels: Administration Obama
